FY2024 2nd Quarter
Financial Results
(2023/4-2023/9)
Summary
1. FY2024 2nd Quarter Financial Results
●Sales increased compared to the same period last year due to production increase at major customers.
●Operating profit increased due to the effect of increased sales, cost improvements, recovery of rising raw material
and energy costs, and fixed cost decrease.
●Sales and profits reached record highs for the 2nd quarter.
2. FY2024 Financial Forecast
●Annual forecast has been revised upward based on the performance in the 2nd quarter.
2/23
Index
1. FY2024 2nd Quarter Financial Results
(1)Consolidated Financial Results
(2)Consolidated Sales (By Customer/Product)
(3)Operating Profit Change Factors
(4)Financial Results (By Region)
2. FY2024 Financial Results Forecast
(1)Consolidated Financial Results Forecast
(2)Consolidated Sales Forecast (By Customer/Product)
(3)Operating Profit Change Factors Forecast
(4)Financial Results Forecast (By Region)
(5)Operating Profit Change
(vs Previous Forecast)
- Dividend
- Trends in performance
3/23
1. FY2024 2nd Quarter
Financial Results
(1)Consolidated Financial Results | ||||||||||
FY2023 | FY2024 | Change | Change | 【Details】 | ||||||
Unit:100M¥ | ||||||||||
2Q | 2Q | % | Forex | |||||||
Act.Change | ||||||||||
():Profit % | ||||||||||
Sales | 2,669 | ☆ 3,074 | +405 | 15.2% | +85 | +320 | ||||
Operating Profit | 39 | ☆ | 202 | +163 | 416.6% | +17 | +146 | |||
(%) | (1.5%) | (6.6%) | ||||||||
Forex Gain 66 | Forex Gain 57 | |||||||||
Ordinary Profit | 119 | ☆ | 277 | +158 | 132.5% | +17 | +141 | |||
(%) | (4.5%) | (9.0%) | ||||||||
Profit attributable | 79 | ☆ | 202 | |||||||
to owners of parent | +123 | 154.0% | +15 | +108 | ||||||
(%) | (3.0%) | (6.6%) | ||||||||
USD Rate | ¥131 | ¥139 | +8 | - | - | - | ||||
EUR Rate | ¥137 | ¥152 | +15 | |||||||
☆ indicates record high | ||||||||||
5/23 |
(2)Consolidated Sales (By Customer/Product)
By Customer
(Unit:100M¥)
3,500 |
3,500
By Product
3,074 | |||
3,000 | |||
2,669 | |||
819 | |||
2,500 | (27%) | ||
713 | |||
2,000 | (27%) | ||
1,500 | 1,956 | 2,255 | |
1,000 | |||
(73%) | |||
(73%) | |||
500 | |||
0 | |||
Non-
Toyota
Toyota
&
Toyota Group
3,000
2,500
2,000
1,500
1,000
500
0
2,669
435
(17%)
159 (6%)
295 (11%)
357
(13%)
383
(14%)
1,040
(39%)
3,074
528
(17%)
160 (5%)
356 (12%)
410
(13%)
424
(14%)
1,196
(39%)
Others
Key Lock
Shift Lever
Smart
System
Seat Belt
HMI Products
FY2023 2Q | FY2024 2Q | FY2023 2Q | FY2024 2Q | 6/23 |
(3)Operating Profit Change Factors
FY2024 2nd Quarter:16.3 Billions Yen Increase
(Unit:100M¥)
250
Price up: ▲23 | ▲2 | 212 |
(Electoronics parts, etc) | ||
200 | Price recovery: +31 | +26 | 10 | |||||||
+17 | ▲26 | +36 | ||||||||
150 | +8 | |||||||||
+98 | Expenses: +36 | 202 | ||||||||
100 | Labor Cost:▲13 | |||||||||
Depreciation:+3 | ||||||||||
55 | ||||||||||
50 | 16 | Strategic Investment | ||||||||
39 | OperatingProfit | |||||||||
0 | ||||||||||
FY2023 | Volume | Forex | Selling | Material | Cost | Fixed | others | FY2024 | ||
2Q | Prices | Prices | Reduction | Cost | 2Q | 7/23 | ||||
(4)Financial Results (By Region)
Unit:100M¥ | FY2023 | FY2024 | Change | Change | 【Details】 | ||||||
():Profit % | 2Q | 2Q | % | Forex | Act.Change | ||||||
Japan | Sales | 1,281 | 1,559 | + 278 | 21.7% | + 15 | + 263 | ||||
▲ 50 (▲3.9%) | 38 | + 88 | |||||||||
Operating Profit(%) | (2.4%) | - | + 11 | + 77 | |||||||
Americas | Sales | 650 | 776 | + 126 | 19.2% | + 41 | + 85 | ||||
1 | 25 | + 24 | |||||||||
Operating Profit(%) | (0.2%) | (3.2%) | - | ▲ 0 | + 24 | ||||||
Asia | Sales | 943 | 979 | + 36 | 3.8% | + 27 | + 9 | ||||
87 | 122 | + 35 | |||||||||
Operating Profit(%) | (9.2%) | (12.5%) | 39.3% | + 5 | + 30 | ||||||
Europe | Sales | 197 | 226 | + 29 | 15.0% | + 25 | + 4 | ||||
Brazil | Operating Profit(%) | 9 | (4.6%) | 14 | (6.2%) | + 5 | 61.0% | + 1 | + 4 | ||
Consolidation | Sales | ▲ 403 | ▲ 467 | ▲ 64 | - | ▲ 24 | ▲ 40 | ||||
Adjustment | Operating Profit(%) | ▲ 9 | 1 | 10 | - | + 0 | + 10 | ||||
Total | Sales | 2,669 | 3,074 | + 405 | 15.2% | + 85 | + 320 | ||||
Operating Profit(%) | 39 | (1.5%) | 202 | (6.6%) | + 163 | 416.6% | + 17 | + 146 8/23 | |||
2. FY2024 Financial Results
Forecast
(1)Consolidated Financial Results Forecast
Unit:100M¥ ():Profit %
FY2023 | FY2024 | Change 【Details】 | FY2024 1Q | |||
Change | announce | |||||
Actual | Forecast | % | Forex | Act. | ment | |
Change | ||||||
Sales | 5,531 | ☆ | 6,100 | +569 | 10.3% | +139 | +430 | 5,800 |
Operating Profit | 166 | 320 | +154 | 92.1% | +25 | +129 | 200 | |
(%) | (3.0%) | (5.2%) | (3.4%) | |||||
Ordinary Profit | 240 | ☆ | 390 | +150 | 62.1% | +24 | +126 | 210 |
(%) | (4.4%) | (6.4%) | (3.6%) | |||||
Extraordinary loss | ▲ 11 | ※1 ▲ 1 | +10 | - | - | +10 | ▲ 1 | |
Profit attributable | 109 | ☆ | 260 | 130 | ||||
to owners of parent | +151 | 138.5% | +22 | +129 | ||||
(%) | (2.0%) | (4.3%) | (2.2%) | |||||
USD rate | ¥134 | ¥140 | +6 | - | - | - | ¥106 | |
EUR rate | ¥139 | ※2 | +12 | ¥126 | ||||
¥151 |
※1.Dismantling cost of Nishibiwajima factory ¥100M | ※2.Oct-Mar FX rate: ¥140/$ ¥150/€ | ☆ indicate records high 10/23 |
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Tokai Rika Co. Ltd. published this content on 30 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 October 2023 07:16:46 UTC.